Who owns DFCA
Which tracked institutional funds hold DFCA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DFCA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
14 tracked funds added or opened DFCA while 9 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DFCA’s largest tracked holder by dollar value, MERCER GLOBAL ADVISORS INC /ADV, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DFCA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 81 tracked filers holding DFCA, 49 increased or opened the position and 23 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DFCA between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 5
- Three Arch Wealth Management LLC$2M
- Laird Norton Wetherby Trust Company, LLC$1M
- Elequin Capital, LP$1M
- Beacon Pointe Advisors, LLC$705K
- Private Advisor Group, LLC$643K
Full exits 3
- HighTower Advisors, LLC$52M
- One Degree Advisors Inc$6M
- CITADEL ADVISORS LLC$904K
Largest adds
- MERCER GLOBAL ADVISORS INC /ADV$35M
- Citrine Capital LLC$11M
- Savvy Advisors, Inc.$770K
- Vise Technologies, Inc.$723K
- Elmwood Wealth Management, Inc.$369K
- COMMONWEALTH EQUITY SERVICES, LLC$333K
Largest trims
- JANE STREET GROUP, LLC$2M
- Mariner, LLC$857K
- True Link Financial Advisors, LLC$650K
- Parkshore Wealth Management, Inc.$519K
- Root Financial Partners, LLC$393K
- WESPAC Advisors SoCal, LLC$350K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MERCER GLOBAL ADVISORS INC /ADV added | 7,677,438 | $385M | 66.1% | 2026-Q2 |
| Citrine Capital LLC added | 1,001,570 | $50M | 8.6% | 2026-Q2 |
| Savvy Advisors, Inc. added | 191,505 | $10M | 1.6% | 2026-Q2 |
| Elmwood Wealth Management, Inc. added | 124,368 | $6M | 1.1% | 2026-Q2 |
| Signature Resources Capital Management, LLC trimmed | 109,573 | $5M | 0.9% | 2026-Q2 |
| One Capital Management, LLC | 72,498 | $4M | 0.6% | 2026-Q2 |
| TriaGen Wealth Management LLC added | 71,160 | $4M | 0.6% | 2026-Q2 |
| Vise Technologies, Inc. added | 68,467 | $3M | 0.6% | 2026-Q2 |
| Root Financial Partners, LLC trimmed | 63,917 | $3M | 0.5% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 53,670 | $3M | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 49,553 | $2M | 0.4% | 2026-Q2 |
| Three Arch Wealth Management LLC new | 47,602 | $2M | 0.4% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 29,721 | $1M | 0.3% | 2026-Q2 |
| Foundry Financial LLC trimmed | 29,474 | $1M | 0.3% | 2026-Q2 |
| Savant Capital, LLC added | 27,057 | $1M | 0.2% | 2026-Q2 |
| Laird Norton Wetherby Trust Company, LLC new | 26,500 | $1M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 25,909 | $1M | 0.2% | 2026-Q2 |
| Parallel Advisors, LLC added | 25,673 | $1M | 0.2% | 2026-Q2 |
| marrick wealth, LLC added | 25,416 | $1M | 0.2% | 2026-Q2 |
| Nautilus Advisors LLC added | 24,187 | $1M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 23,606 | $1M | 0.2% | 2026-Q2 |
| Elequin Capital, LP trimmed | 22,667 | $1M | 0.2% | 2026-Q2 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC trimmed | 22,146 | $1M | 0.2% | 2026-Q2 |
| SCRATCH CAPITAL LLC added | 20,379 | $1M | 0.2% | 2026-Q2 |
| Burton Enright Welch added | 19,841 | $996K | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 17,963 | $901K | 0.2% | 2026-Q2 |
| Prospect Financial Group LLC trimmed | 17,960 | $901K | 0.2% | 2026-Q2 |
| RAM Investment Partners, LLC trimmed | 17,040 | $855K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 16,928 | $849K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 14,046 | $705K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 13,442 | $674K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC new | 12,806 | $643K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 12,266 | $616K | 0.1% | 2026-Q2 |
| SEEDS INVESTOR LLC added | 11,609 | $583K | 0.1% | 2026-Q2 |
| RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC added | 11,083 | $556K | 0.1% | 2026-Q2 |
| Parkshore Wealth Management, Inc. trimmed | 11,026 | $553K | 0.1% | 2026-Q2 |
| Pathstone Holdings, LLC added | 10,926 | $548K | 0.1% | 2026-Q2 |
| RVW Wealth, LLC trimmed | 10,711 | $537K | 0.1% | 2026-Q2 |
| Apella Capital, LLC added | 10,579 | $530K | 0.1% | 2026-Q2 |
| FIDUCIARY FINANCIAL GROUP, LLC | 10,397 | $522K | 0.1% | 2026-Q2 |
| V2 Financial group LLC added | 10,394 | $522K | 0.1% | 2026-Q2 |
| Tortoise Investment Management, LLC added | 9,190 | $461K | 0.1% | 2026-Q2 |
| Vistica Wealth Advisors, LLC new | 8,280 | $415K | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 8,056 | $404K | 0.1% | 2026-Q2 |
| FMB WEALTH MANAGEMENT trimmed | 8,041 | $403K | 0.1% | 2026-Q2 |
| WESPAC Advisors SoCal, LLC trimmed | 7,495 | $376K | 0.1% | 2026-Q2 |
| FLC Capital Advisors added | 7,110 | $357K | 0.1% | 2026-Q2 |
| Parkwoods Wealth Partners, LLC added | 7,007 | $352K | 0.1% | 2026-Q2 |
| Hurlow Wealth Management Group, Inc. | 6,966 | $350K | 0.1% | 2026-Q2 |
| Shore Point Advisors, LLC added | 6,575 | $330K | 0.1% | 2026-Q2 |
| Roberts Wealth Advisors, LLC trimmed | 6,409 | $322K | 0.1% | 2026-Q2 |
| Seaside Wealth Management, Inc. new | 6,343 | $318K | 0.1% | 2026-Q2 |
| Fermata Advisors, LLC added | 6,301 | $316K | 0.1% | 2026-Q2 |
| Gradient Capital Advisors, LLC added | 6,254 | $314K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 6,237 | $313K | 0.1% | 2026-Q2 |
| Johnson Wealth Management, LLC | 6,165 | $309K | 0.1% | 2026-Q2 |
| Brookstone Capital Management | 5,998 | $301K | 0.1% | 2026-Q2 |
| Henrickson Nauta Wealth Advisors, Inc. | 5,970 | $300K | 0.1% | 2026-Q2 |
| BIRCH FINANCIAL GROUP, LLC added | 5,559 | $279K | 0.0% | 2026-Q2 |
| Corient Private Wealth LP | 5,207 | $261K | 0.0% | 2026-Q2 |
| Kaizen Financial Strategies added | 5,154 | $259K | 0.0% | 2026-Q2 |
| Two West Capital Advisors LLC | 4,965 | $248K | 0.0% | 2026-Q2 |
| Wheels Up Wealth, Inc. | 4,902 | $246K | 0.0% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 4,890 | $245K | 0.0% | 2026-Q2 |
| Shearwater Capital LLC added | 4,709 | $236K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 4,656 | $234K | 0.0% | 2026-Q2 |
| Retirement Planning Group, LLC added | 4,648 | $233K | 0.0% | 2026-Q2 |
| Pure Financial Advisors, LLC trimmed | 4,556 | $229K | 0.0% | 2026-Q2 |
| Aspen Capital Management, LLC new | 4,529 | $227K | 0.0% | 2026-Q2 |
| FIRST NATIONAL BANK SIOUX FALLS | 4,146 | $208K | 0.0% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 3,506 | $176K | 0.0% | 2026-Q2 |
| 3 FACTOR INDEXING, LLC new | 3,380 | $170K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 2,002 | $100K | 0.0% | 2026-Q2 |
| Larson Financial Group LLC | 2,000 | $100K | 0.0% | 2026-Q2 |
| CAMBIENT FAMILY OFFICE, LLC new | 1,455 | $73K | 0.0% | 2026-Q2 |
| Allworth Financial LP | 796 | $40K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 519 | $26K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) | 334 | $17K | 0.0% | 2026-Q2 |
| True Link Financial Advisors, LLC | 13,310 | $13K | 0.0% | 2026-Q2 |
| Horizon Investments, LLC trimmed | 30 | $2K | 0.0% | 2026-Q2 |
| Bell Investment Advisors, Inc | 27 | $1K | 0.0% | 2026-Q2 |
| HighTower Advisors, LLC added | 1,044,403 | $52M | 8.9% | 2026-Q1 stale (1 quarter behind) |
| One Degree Advisors Inc added | 117,871 | $6M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC added | 18,144 | $904K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 5,189 | $259K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC trimmed | 4,565 | $228K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 409 | $20K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 33,672 | $2M | 0.3% | 2025-Q4 stale (2 quarters behind) |
| SB Capital Management Inc new | 14,714 | $737K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Pallas Capital Advisors LLC | 10,000 | $501K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| GAMMA Investing LLC added | 2,115 | $106K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Willow Creek Wealth Management Inc. added | 13,951 | $695K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| FLOW TRADERS U.S. LLC | 11,971 | $596K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Callan Family Office, LLC | 86,700 | $4M | 0.7% | 2025-Q2 stale (4 quarters behind) |
| REGATTA CAPITAL GROUP, LLC new | 5,446 | $268K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Atria Wealth Solutions, Inc. added | 5,227 | $258K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Parkworth Wealth Management, Inc. added | 3,380 | $167K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Navigoe, LLC | 1,990 | $98K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| SouthState Corp new | 315 | $16K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.